Rupee settles flat at 87.50 against USD after inching close to 88-level in intra-day trade
1 month, 1 week ago

Rupee settles flat at 87.50 against USD after inching close to 88-level in intra-day trade

Live Mint  

Mumbai, Feb 10 The rupee on Monday plunged 45 paise and moved closer to the 88 per US dollar-level, weighed down by the strength of the American currency tariff concerns, but settled on a flat note at 87.50 on suspected RBI intervention. The American currency gained in the overseas market after US President Donald Trump's plans to impose 25 per cent tariffs on steel and aluminum imports, along with reciprocal tariffs targeting countries taxing US exports. However, the rupee recovered early losses on supposed intervention by the Reserve Bank of India," said Anuj Choudhary -- Research Analyst at Mirae Asset Sharekhan. Forex traders said the Indian rupee is trading with a negative bias as foreign banks went on a dollar-buying spree and importers scrambled to secure dollars, as they feared further depreciation amidst global uncertainty.

India Trade Bank Cent Rbi Rupee Usd  88level  8750  points  market  intraday  currency  flat  close  settles  inching  cent  touched  rbi  bank  settled  trade  usd  rupee

History of this topic

Rupee rises 1 paisa to close at 86.36 against U.S. dollar
1 day, 14 hours ago

Rupee rises 1 paisa to close at 86.36 against U.S. dollar

The Hindu  

The rupee stayed firm and appreciated 1 paisa to close at 86.36 against the U.S. dollar on Thursday supported by positive domestic equities. However, risks remain due to unabated foreign institutional investor sell-off, and uncertainty surrounding Trump’s tariff stance could pose challenges to the rupee’s upward momentum. Forex traders further said Federal Reserve Chair Jerome Powell has made it clear …

Rupee rises 12 paise to 86.25 against U.S. dollar in early trade
Top News
1 day, 21 hours ago

Rupee rises 12 paise to 86.25 against U.S. dollar in early trade

The Hindu  

The Rupee appreciated 12 paise to 86.25 against the U.S. dollar in early trade on Thursday, tracking positive domestic equities and the weakness of the American currency in the overseas market. However, risks remain owing to unabated Foreign Institutional Investor sell-off and uncertainty surrounding U.S. President Donald Trump's tariff stance could pose challenges to the Rupee's upward momentum. Meanwhile, the …

Rupee rises 12 paise to settle at 86.44 against U.S. dollar
Top News
2 days, 15 hours ago

Rupee rises 12 paise to settle at 86.44 against U.S. dollar

The Hindu  

Rising for the fourth straight session, the rupee appreciated 12 paise to close at 86.44 against the U.S. dollar on Wednesday, supported by a positive trend in domestic equity markets and lower global crude oil prices. However, a strengthening American currency against major currencies overseas ahead of the U.S. Federal Reserve’s interest rate decision capped the sharp gain in the …

Rupee falls 10 paise to 86.66 against U.S. dollar in early trade
2 days, 21 hours ago

Rupee falls 10 paise to 86.66 against U.S. dollar in early trade

The Hindu  

The rupee declined 10 paise to 86.66 against the U.S. dollar in early trade on Wednesday amid a firm American currency index ahead of the Federal Reserve's interest rate decision and prevailing concerns due to global trade tariff moves. Forex traders said the local currency found cushion due to easing crude oil prices and some inflow of foreign capital in …

Rupee settles 26 paise higher at 86.55 against U.S. dollar
Trending News
3 days, 15 hours ago

Rupee settles 26 paise higher at 86.55 against U.S. dollar

The Hindu  

The rupee appreciated for the third consecutive session and registered gains of 26 paise to close at 86.55 against the U.S. dollar on Tuesday amid positive domestic equity markets and a weak American currency. On the domestic macroeconomic front, India's trade deficit fell to a three-and-half-year low but the point of concern was exports contracting sharply, Bhansali said, adding that …

Rupee rises 10 paise to 86.71 against U.S. dollar in early trade
3 days, 21 hours ago

Rupee rises 10 paise to 86.71 against U.S. dollar in early trade

The Hindu  

The rupee appreciated 10 paise to 86.71 against the U.S. dollar in early trade on Tuesday, tracking its Asian peers and supported by positive domestic equities. Fears that US President Donald Trump's aggressive tariff policies could trigger a broader economic slowdown have undermined the greenback, said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP. "Due …

Rupee jumps 24 paise to close at 86.81 against U.S. dollar
4 days, 15 hours ago

Rupee jumps 24 paise to close at 86.81 against U.S. dollar

The Hindu  

The rupee appreciated 24 paise to close at 86.81 against the US dollar on Monday on positive domestic equities and weakness of the American currency in the overseas market. Forex traders said the rupee traded with a slight positive bias on weakness in the US dollar and positive global markets. In the domestic equity market, the 30-share BSE Sensex surged …

Rupee rises 25 paise to 86.80 against U.S. dollar in early trade
4 days, 20 hours ago

Rupee rises 25 paise to 86.80 against U.S. dollar in early trade

The Hindu  

The rupee appreciated 25 paise to 86.80 against the U.S. dollar in early trade on Monday, as domestic equities opened on a higher note and Asian currencies continued to remain on the stronger side. At the interbank foreign exchange, the rupee opened at 86.90 against the greenback, then gained some ground and touched 86.80 against the greenback, up 25 paise …

Rupee touches three-week high aided by foreign banks’ dollar offers
4 days, 21 hours ago

Rupee touches three-week high aided by foreign banks’ dollar offers

Live Mint  

By Jaspreet Kalra MUMBAI, March 17 - The Indian rupee strengthened on Monday, boosted by dollar sales from foreign banks and as the greenback lingered near a 5-month low against major peers on worries about a slowdown in the world's largest economy. Foreign banks were spotted offering dollars in early trading, which helped the rupee, a trader at a state-run …

Forex kitty jumps sharpest in two years
6 days, 9 hours ago

Forex kitty jumps sharpest in two years

The Hindu  

In the sharpest jump in over two years, the country’s foreign exchange reserves increased by $15.267 billion to $653.966 billion during the week ended March 7, the RBI has said. During the week, foreign currency assets, a major component of the reserves, increased by $13.993 billion to $557.282 billion, the data released on Friday showed. Expressed in dollar terms, the …

Rupee surges 22 paise to settle at 87 against U.S. dollar
1 week, 1 day ago

Rupee surges 22 paise to settle at 87 against U.S. dollar

The Hindu  

The rupee surged 27 paise to settle at 87 against the U.S. dollar on Thursday following robust macroeconomic data and easing crude oil prices. Besides, recent weakness in the U.S. dollar index also supported the local currency, forex dealers said. Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, said the rupee recovered on upbeat macroeconomic data and a soft US …

Rupee gains 1 paisa to 87.30 against U.S. dollar in early trade
1 week, 3 days ago

Rupee gains 1 paisa to 87.30 against U.S. dollar in early trade

The Hindu  

The rupee turned almost flat and gained 1 paisa to 87.30 against the U.S. dollar in early trade on Tuesday on the back of weaker American currency and lower level of crude oil prices. However, volatile domestic equity markets amid fear of recession in the U.S. and trade-related uncertainties impacted investor sentiment adversely, forex traders said. At the interbank foreign …

Rupee sinks 38 paise to 87.33 against U.S. dollar; logs worst single-day fall in a month
1 week, 4 days ago

Rupee sinks 38 paise to 87.33 against U.S. dollar; logs worst single-day fall in a month

The Hindu  

The rupee depreciated by 38 paise, its steepest fall in over a month, to close at 87.33 against the U.S. dollar on Monday due to volatile crude oil prices amid tariff uncertainties worldwide and unabated outflow of foreign funds. Domestic equity markets closed lower with the 30-share BSE Sensex falling by 217.41 points, or 0.29%, to 74,115.17, and the Nifty …

Rupee falls 6 paise to settle at 87.12 against U.S. dollar
2 weeks, 1 day ago

Rupee falls 6 paise to settle at 87.12 against U.S. dollar

The Hindu  

The rupee snapped its three-day rally and settled with a loss of 6 paise at 87.12 against the U.S. dollar on Thursday amid uncertainty over trade tariffs and persistent foreign fund outflows. In initial trade, the local currency gained momentum after the U.S. delayed implementation of higher tariffs on Canada and Mexico, and RBI's decision to infuse ₹1.9 trillion liquidity …

Rupee falls 5 paise to 87.11 against US dollar in early trade
2 weeks, 1 day ago

Rupee falls 5 paise to 87.11 against US dollar in early trade

The Hindu  

The rupee failed to sustain its gaining momentum and fell 5 paise to 87.11 against the US dollar in early trade on Thursday as a lower American currency and crude oil prices failed to boost sentiment amid volatile equity markets and foreign funds outflow. In the domestic equity market, the 30-share BSE Sensex was trading 20.53 points, or 0.03 per …

Rupee settles 19 paise higher at 87.00 against U.S. dollar
2 weeks, 2 days ago

Rupee settles 19 paise higher at 87.00 against U.S. dollar

The Hindu  

The rupee appreciated by 19 paise to close at 87.00 against the U.S. dollar on Wednesday on sharp pullback in domestic equities, a weak American currency and a decline in crude oil prices. Forex traders said U.S. President Donald Trump's tariff escalation has set off a chain reaction in global markets, sending the dollar into a downward spiral. The seasonally …

Rupee rises 9 paise to 87.10 against US dollar in early trade
2 weeks, 2 days ago

Rupee rises 9 paise to 87.10 against US dollar in early trade

The Hindu  

The rupee appreciated 9 paise to 87.10 against the US dollar in early trade on Wednesday, fuelled by the broad weakening of the US dollar and easing crude oil prices. "However, falling crude oil prices provided some respite for the Indian currency with Brent crude prices touching a three-month low of USD 69.65 per barrel would ease India's import burden …

Rupee settles 2 paise higher at 87.30 against U.S. dollar
2 weeks, 3 days ago

Rupee settles 2 paise higher at 87.30 against U.S. dollar

The Hindu  

The rupee pared initial losses and settled on a flat note with a gain of just 2 paise at 87.30 against the U.S. dollar on Tuesday, as a weak U.S. Dollar index and a sharp fall in crude oil prices prevented the slide in the domestic unit. Forex traders said the Indian rupee traded flat with a negative bias on …

Rupee falls 8 paise to 87.40 against U.S. dollar in early trade
2 weeks, 3 days ago

Rupee falls 8 paise to 87.40 against U.S. dollar in early trade

The Hindu  

The rupee declined 8 paise to 87.40 against the U.S. dollar in early trade on Tuesday, weighed down by persistent foreign fund outflows and a prevailing liquidity deficit. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was at 106.61, lower by 0.12%, amid escalating trade tensions, which have been triggered by US. “With …

Rupee settles 3 paise higher at 87.34 against U.S. dollar
2 weeks, 4 days ago

Rupee settles 3 paise higher at 87.34 against U.S. dollar

The Hindu  

The rupee settled with a gain of 3 paise at 87.34 against the U.S. dollar on Monday amid weakness of the American currency in the overseas market and lower crude oil prices. “Going further, Mr. Choudhary said, “traders may take cues from ISM manufacturing PMI data from the U.S., while the USD-INR spot price is expected to stay in a …

Rupee rises 9 paise to 87.28 against U.S. dollar in early trade
2 weeks, 4 days ago

Rupee rises 9 paise to 87.28 against U.S. dollar in early trade

The Hindu  

The rupee appreciated 9 paise to 87.28 against the U.S. dollar in early trade on Monday as the American currency index retreated from elevated level and domestic equity markets indicated some recovery after firm macroeconomic data. The Reserve Bank on Friday conducted U.S. dollar-rupee swap worth $10 billion for injecting long-term liquidity in the system, with the auction eliciting robust …

India’s forex reserves jump by $4.758 billion to hit two-month high of $640.479 billion: RBI
3 weeks ago

India’s forex reserves jump by $4.758 billion to hit two-month high of $640.479 billion: RBI

Live Mint  

India's forex reserve jumped by USD 4.758 billion to USD 640.479 billion in the week ended February 21, the Reserve Bank said on Friday. For the week ended February 21, foreign currency assets, a major component of the reserves, increased by USD 4.251 billion to USD 543.843 billion, the latest data showed. India's reserve position with the IMF was up …

Rupee falls 19 paise to 87.37 against U.S. dollar in early trade
3 weeks ago

Rupee falls 19 paise to 87.37 against U.S. dollar in early trade

The Hindu  

The rupee declined 19 paise to 87.37 against the U.S. dollar in early trade on Friday, as the strength of the American currency and a negative trend in domestic equities dented investor sentiments. At the interbank foreign exchange, the rupee opened at 87.32, then fell to 87.37 against the American currency, registering a decline of 19 paise over its previous …

Rupee falls 22 paise to 87.41 against U.S. dollar in early trade
3 weeks, 1 day ago

Rupee falls 22 paise to 87.41 against U.S. dollar in early trade

The Hindu  

The rupee declined 22 paise to 87.41 against the US dollar in early trade on Thursday after the latest tariff announcements from the US weighed on emerging currencies, including the rupee. Forex traders said the latest tariff announcements from the US have sent shockwaves through global markets, strengthening the dollar. Global financial markets experienced renewed volatility as US President Donald …

Rupee logs biggest single-day drop in 3 weeks: Is the domestic currency poised for further weakness? Experts weigh in
3 weeks, 3 days ago

Rupee logs biggest single-day drop in 3 weeks: Is the domestic currency poised for further weakness? Experts weigh in

Live Mint  

INR vs USD Today: The Indian rupee logged its worst day in three weeks on Tuesday, February 25, 2025, dragged by weakness in regional peer currencies, importer hedging and US dollar demand related to the expiry of the non-deliverable forward contracts causing month-end interest among importers. According to forex traders, elevated greenback against major crosses and sustained foreign institutional outflows …

Rupee Falls 51 Paise to 87.23, Worst Drop in 3 Weeks
3 weeks, 3 days ago

Rupee Falls 51 Paise to 87.23, Worst Drop in 3 Weeks

Deccan Chronicle  

Mumbai: The Indian rupee fell sharply by 51 paise on Tuesday to settle at 87.23 against the US dollar due to month-end dollar demand by importers and oil marketing companies, covering of short positions due to the expiry of the futures contract, uncertainty over US trade tariffs, and outflows from foreign portfolio investors. Over the past six months, the Indian …

Rupee plummets 51 paise to end at 87.23 against U.S. dollar
3 weeks, 3 days ago

Rupee plummets 51 paise to end at 87.23 against U.S. dollar

The Hindu  

The rupee fell sharply by 51 paise to settle at 87.23 against the U.S. dollar on Tuesday due to month-end dollar demand by importers amid uncertainty over U.S. trade tariffs. "The rupee fell sharply against the U.S. dollar amid uncertainty over U.S. trade tariffs and demand from importers towards the end of the month. However, any intervention by the RBI …

Rupee falls 16 paise to 86.88 against US dollar in early trade
Trending News
3 weeks, 3 days ago

Rupee falls 16 paise to 86.88 against US dollar in early trade

The Hindu  

The rupee declined 16 paise to 86.88 against the US dollar in early trade on Tuesday amid a strengthening greenback, sustained FII outflows, and a rise in Brent crude prices. Due to risk of sentiments, the market is expected to buy dollars to take it higher against the rupee," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury …

Rupee rises 1 paisa to 86.67 against U.S. dollar in early trade
3 weeks, 4 days ago

Rupee rises 1 paisa to 86.67 against U.S. dollar in early trade

The Hindu  

The rupee rose 1 paisa to 86.67 against the U.S. dollar in early trade on Monday amid a weakening greenback against international currencies. However, a sharp fall in the domestic equity markets in morning trade, a decline in the country's forex reserves and sustained FII outflows prevented further gains, forex traders said. At the interbank foreign exchange, the domestic unit …

India forex reserves snap three-week gains; decline USD 2.5 billion in latest week
3 weeks, 5 days ago

India forex reserves snap three-week gains; decline USD 2.5 billion in latest week

Live Mint  

New Delhi, February 23 : India's foreign exchange reserves slumped in the week that ended on February 14, reversing the gains it had extended in the past three weeks. In the week that ended on February 14, the forex reserves declined USD by 2.54 billion to USD 635.721 billion. The latest RBI data showed that India's foreign currency assets, the …

India’s forex reserves snap three-week gaining streak, drop by $2.54 billion to $635.721 billion
1 month ago

India’s forex reserves snap three-week gaining streak, drop by $2.54 billion to $635.721 billion

Live Mint  

Snapping the three-week rising streak, India's forex reserves dropped by USD 2.54 billion to USD 635.721 billion in the week ended February 14, the RBI said on Friday. For the week ended February 14, foreign currency assets, a major component of the reserves, decreased by USD 4.515 billion to USD 539.591 billion, the data released on Friday showed. The rupee …

Rupee falls 7 paise to close at 86.71 against U.S. dollar
1 month ago

Rupee falls 7 paise to close at 86.71 against U.S. dollar

The Hindu  

The rupee pared initial gains and settled 7 paise lower at 86.71 against the U.S. dollar on Friday, weighed down by sustained foreign fund outflows and a recovery in the American currency index. Forex traders said the Indian rupee declined on Friday on weak domestic markets and a recovery in the U.S. dollar index. However, any fresh intervention by the …

Rupee rises 14 paise to 86.50 against U.S. dollar in early trade
1 month ago

Rupee rises 14 paise to 86.50 against U.S. dollar in early trade

The Hindu  

The rupee appreciated 14 paise to 86.50 against the U.S. dollar in early trade on Friday, fuelled by the broad weakening of the US dollar, which faced downward pressure from lackluster economic data. "The dollar's weakness created a favourable environment for the Indian rupee," CR Forex Advisors MD - Amit Pabari said, adding that "India's robust real yield of 2.39% …

Rupee Rises 33 Paise on Strong Dollar Inflows
1 month ago

Rupee Rises 33 Paise on Strong Dollar Inflows

Deccan Chronicle  

Mumbai: The Indian rupee saw a relief rally, settling at a one-week high on Thursday, tracking the Chinese yuan and dollar sales from foreign banks. Adding to the positive sentiment was data showing that the rupee’s 40-currency Real Effective Exchange Rate eased to 104.83 in January 2025, down from a high of 108.30 in November and 107.20 in December 2024. …

Rupee rises 33 paise to close at 86.65 against U.S. dollar
1 month ago

Rupee rises 33 paise to close at 86.65 against U.S. dollar

The Hindu  

The rupee appreciated 33 paise to close at 86.65 against the U.S. dollar on Thursday, supported by the weakening of the American currency in the overseas market. Forex traders said on the domestic front, India's economy is expected to demonstrate a strong momentum in the second half of the year but the rupee is battling global headwinds. According to an …

Weak rupee could pave the way for a long-awaited IT recovery
1 month ago

Weak rupee could pave the way for a long-awaited IT recovery

Live Mint  

The Indian information technology sector has been trying to make a meaningful comeback for a while. From a macro perspective, a sinking rupee spells trouble, mainly for importers, but India’s IT firms are exporters of services and a large part of their revenue is denominated in these currencies. Pole position LTIMindtree Ltd, Wipro Ltd, Sagility India Ltd and Coforge Ltd …

Rupee rises 19 paise to 86.79 in early trade
1 month ago

Rupee rises 19 paise to 86.79 in early trade

The Hindu  

The rupee appreciated 19 paise to 86.79 against the US dollar in early trade on Thursday, as the American currency and crude oil prices retreated from their elevated levels. The forex market was closed on Wednesday on account of 'Chatrapati Shivaji Maharaj Jayanti' Meanwhile, the US dollar index, which gauges the greenback's strength against a basket of six currencies, was …

Rupee rises 19 paise to 86.79 against US dollar in early trade
Trending News
1 month ago

Rupee rises 19 paise to 86.79 against US dollar in early trade

Live Mint  

Mumbai, The rupee appreciated 19 paise to 86.79 against the US dollar in early trade on Thursday, as the American currency and crude oil prices retreated from their elevated levels. The forex market was closed on Wednesday on account of 'Chatrapati Shivaji Maharaj Jayanti' Meanwhile, the US dollar index, which gauges the greenback's strength against a basket of six currencies, …

Rupee to gauge fresh round of tariff threats, cautious Fed outlook
1 month ago

Rupee to gauge fresh round of tariff threats, cautious Fed outlook

Live Mint  

By Jaspreet Kalra MUMBAI, Feb 20 - The Indian rupee is likely to open little changed on Thursday as traders assess fresh U.S. tariff threats and a cautious rate outlook from the Federal Reserve after its latest policy meeting minutes highlighted upside risks to inflation. Indian pharmaceutical stocks declined on Wednesday following Trump's tariff threat as the U.S. accounts for …

Rupee falls 8 paise to close at 86.96 against U.S. dollar
1 month ago

Rupee falls 8 paise to close at 86.96 against U.S. dollar

The Hindu  

Rupee depreciated 8 paise to close at 86.96 against U.S. dollar weighed down by sustained foreign fund outflows and an uptick in the U.S. Dollar index. Forex traders said there is a negative bias for the USD/INR pair as foreign investors continue to sell domestic equities and the RBI support is tapering off slowly. "We expect the rupee to trade …

Rupee falls 8 paise to close at 86.96 against US dollar
1 month ago

Rupee falls 8 paise to close at 86.96 against US dollar

Live Mint  

Mumbai, Rupee depreciated 8 paise to close at 86.96 against US dollar weighed down by sustained foreign fund outflows and an uptick in the US Dollar index. India's exports declined for the third month in a row in January, falling by 2.38 per cent year-on-year to USD 36.43 billion, while the trade deficit widened to USD 22.99 billion in the …

Rupee falls 16 paise to close at 86.87 against U.S. dollar
1 month ago

Rupee falls 16 paise to close at 86.87 against U.S. dollar

The Hindu  

The rupee depreciated 16 paise to close at 86.87 against the U.S. dollar on Monday, weighed down by significant foreign fund outflows and a recovery in the U.S. dollar index from intraday lows. Forex traders said the Indian rupee is trading with a negative bias as foreign banks went on a dollar-buying spree and importers scrambled to secure dollars, as …

Rupee trades in narrow range against U.S. dollar in early trade
1 month ago

Rupee trades in narrow range against U.S. dollar in early trade

The Hindu  

The rupee witnessed a range-bound trade and depreciated 5 paise to 86.76 against the U.S. dollar in initial deals on Monday, weighed down by significant foreign fund outflows and a negative trend in domestic equities. Forex traders said the Indian rupee is trading with a negative bias as foreign banks went on a dollar-buying spree and importers scrambled to secure …

Rupee trades in narrow range against US dollar in early trade
1 month ago

Rupee trades in narrow range against US dollar in early trade

Live Mint  

Mumbai, The rupee witnessed a range-bound trade and depreciated 5 paise to 86.76 against the US dollar in initial deals on Monday, weighed down by significant foreign fund outflows and a negative trend in domestic equities. Forex traders said the Indian rupee is trading with a negative bias as foreign banks went on a dollar-buying spree and importers scrambled to …

Rupee rises 12 paise to close at 86.81 against U.S. dollar
1 month, 1 week ago

Rupee rises 12 paise to close at 86.81 against U.S. dollar

The Hindu  

The rupee extended its recovery and settled 12 paise higher at 86.81 against the U.S. dollar on Friday amid easing American currency. Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, said the rupee gained on the weak U.S. dollar index. Finance Minister Nirmala Sitharaman on Thursday said the rupee along with other Asian currencies has depreciated against the U.S. dollar …

Rupee rises 12 paise to close at 86.81 against US dollar
1 month, 1 week ago

Rupee rises 12 paise to close at 86.81 against US dollar

Live Mint  

Mumbai, The rupee extended its recovery and settled 12 paise higher at 86.81 against the US dollar on Friday amid easing American currency. Finance Minister Nirmala Sitharaman on Thursday said the rupee along with other Asian currencies has depreciated against the US dollar on account of uncertainty pervading the global macroeconomy. Indian rupee, like other Asian currencies, depreciated against the …

Heavy RBI intervention helps rupee log best week in 19 months
1 month, 1 week ago

Heavy RBI intervention helps rupee log best week in 19 months

Live Mint  

By Siddhi Nayak MUMBAI - The Indian rupee logged its biggest weekly rise against the dollar in seven months, lifted by the central bank's heavy intervention in the foreign exchange market and kept speculators betting against the currency at bay. The domestic unit has been under pressure amid India's sluggish economic growth, a recent interest rate cut by the Reserve …

Sensex, Nifty climb in early trade after 7-day decline
1 month, 1 week ago

Sensex, Nifty climb in early trade after 7-day decline

The Hindu  

Equity benchmark indices Sensex and Nifty began the trade on an optimistic note on Friday after India and the United States agreed to conclude the first phase of a mutually beneficial ambitious trade pact by this year and set a target of USD 500 billion in annual bilateral trade by 2030. In an ambitious move, India and the U.S. agreed …

Rupee settles 3 paise higher at 86.92 against U.S. dollar
1 month, 1 week ago

Rupee settles 3 paise higher at 86.92 against U.S. dollar

The Hindu  

The rupee settled almost flat with a gain of just 3 paise at 86.92 against the U.S. dollar on Thursday as the support from soft American currency and and easing crude oil prices overseas was negated by a lacklustre trend in domestic equities. According to forex traders, the unabated outflow of foreign funds weighed on the Indian currency and capped …

India’s trade deficit likely to come down by over USD 1 billion from USD 21.94 billion in December
1 month, 1 week ago

India’s trade deficit likely to come down by over USD 1 billion from USD 21.94 billion in December

Op India  

India’s merchandise trade deficit is expected to have narrowed to USD 20.88 billion in January 2025, down from USD 21.94 billion in December 2024, according to a report by Union Bank of India. The report noted that India imported 1.67 million barrels per day of crude oil from Russia in January, marking a 13 per cent increase from December. Saudi …

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